BTC (Bitcoin) trend analysis and operation suggestions today
K-line chart data (4-hour chart)
BTC has recently shown a clear upward trend. It opened near $67,370 today and continued to test upward, showing that the bulls are still in control and have strong upward momentum.
K-line chart data (1 hour chart)
K-line technical analysis:
Current Trends
From the chart, we can see that BTC has recently shown an upward channel, fluctuating near the upper track of the Bollinger Bands, and the price has risen steadily. The K-line has been positive for several consecutive times, and there is still upward momentum in the short term, but pay attention to the high selling pressure.
Moving Average System (MA)
5-day moving average (yellow line): located at 67,300 US dollars. The current K-line stands firmly on the 5-day moving average, and the short-term bias is still bullish.
10-day moving average (purple line): located at US$66,700, which is an important support below. If it falls below this position in the short term, a correction may occur.
Bollinger Bands
The Bollinger Bands are opening upward, indicating that the volatility range of BTC will expand in the short term. The price is currently running along the upper track. If it breaks through the upper track of the Bollinger Bands in the short term, the price may continue to rise.
Operation suggestions:
Short-term
Currently, BTC is in an upward trend. If the price falls back to around $66,500, you can enter the market in batches to go long, with the target at $68,000 and the stop loss set below $65,000. If BTC breaks through $68,000, you can consider continuing to increase your position, with the target at $68,500.
Midline
For mid-term investors, you can choose to gradually increase your position when the price falls back. It is recommended to allocate positions in the 66,000-66,500 USD area, and set the stop loss at 65,000 USD. The mid-term target is 69,000-70,000 USD area.
Technical indicators assist analysis:
RSI: The current RSI is around 70, indicating that the market has entered an overbought state and there may be a certain correction in the short term.
MACD: MACD fast and slow lines show a bullish arrangement, and the red column is increasing in volume, indicating that the market still has upward momentum.
Today we are optimistic about BTC's volatile upward direction, but since it is already at a high level, we need to pay attention to the risk of a pullback in the short term.
The recent market turmoil has brought new investment opportunities. Through Lao Chen's in-depth analysis and data research, some potential high-return opportunities have been identified. Whether it is Bitcoin's momentum indicators or technical signals of other mainstream currencies, Lao Chen will provide you with detailed analysis to help you navigate the market with ease.
#美国大选如何影响加密产业？ #BTC能否站稳6W6 #加密市场急跌 #灰度考虑新增35种加密资产 #BTC☀ $BTC $ETH $SOL
